-
Copper Futures Cool After Tariff-Driven Surge
Copper futures pulled back modestly from record highs after the sharp rally triggered by looming U.S. import tariffs. Prices surged sharply following President Trump’s announcement on July 9 of a 50% copper import tariff, set to take effect August 1. The initial spike saw copper prices soar to unprecedented levels, driven by fears of supply disruption and a scramble to front-load shipments. This buying spree drained inventories on the London Metal Exchange (LME) and in Shanghai, while premiums for U.S.-delivered copper spiked. Now, with the import window closing and physical deliveries peaking, prices have begun ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
*TRUMP: WE HAVE REACHED A DEAL WITH EU *TRUMP ON EU: BIGGEST DEAL EVER REACHED *TRUMP: EU WILL AGREE TO BUY US 750B WORTH OF ENERGY *TRUMP: EU AGREES TO OPEN UP COUNTRIES TO TRADE AT 0% TARIFF Trump: We will impose a 15% customs duty on the European Union
From dailyforex.com | Jul 28, 2025
Copper has fallen a little bit during the trading session here on Friday and what has been a fairly quiet day the Thursday session was a shooting star and that was preceded by a shooting star on Wednesday, so it makes a lot of sense that we see some hesitation. The $6 level above is a large, round psychologically significant figure and an area that I think ...
From pepperstone.com | Jul 27, 2025
The event risk in the trading week ahead hits us from all angles – Tariff/trade headlines have already started to come in liberally, while market players also navigate tier 1 economic data, a deluge of US and EU corporate earnings, DM & EM central bank meetings and the US Treasury refunding announcement (QRA). Tariff-related headlines seen through Sunday ...
